Zee Entertainment Enterprises Limited
Government Pension Fund Global (Norway) decreased its stake in Zee Entertainment Enterprises Limited from 3.01% to 2.42%. The foreign portfolio investor trimmed its holding by 56,87,470 shares in a rights issue context.
A leading Indian media and entertainment company engaged in broadcasting satellite television channels across multiple genres and languages to audiences nationwide. The company operates as a space-selling agent for other satellite channels and generates revenue through the sale of media content including program rights, film rights, feeds, and music rights. Zee Entertainment operates as a vertically integrated player in India's broadcasting and content production ecosystem.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.